"Give me my money back, I'm going to get it all out" "Guest, you are dealing with a fixed savings business, if you withdraw early, you will lose a lot of interest" "I don't care, I'd rather have no interest and my money, hurry up and give me my money back" Since last night, the news has been reporting on the debt relationship between the United Bank of Japan and the Seibu Group, coupled with the latest research report on Muddy Waters, which has issued a serious warning about the bad debt problem of the United Bank of Japan, and early the next morning, the entrance of the branch of the United Bank of Tokyo was crowded with customers who came to withdraw money.
As soon as the stock market opened on the same day, the stock price of the United Bank of Japan hit the fall limit directly.
Muddy Waters' research report has become a short-selling guide in Japan after the Seibu Group incident, as long as the companies that Muddy Waters is concerned about, without exception, they have been shorted by mysterious institutions.
However, the Muddy Waters report only highlights the debt problems and financial fraud of the subjects they studied, which were studied through publicly available sources.
And Muddy Waters is a foreign company, and Japanese regulators have no authority to shut up the Swiss company.
Now that the whole of Japan knows about the 400 billion yen loan that the United Bank of Japan lent to the Seibu Group, many investors are skeptical about whether the loan can be repaid.
After all, this is one-fifth of the total assets of the United Bank of Japan, and if the loan cannot be recovered, the United Bank of Japan will have to fail.
It was precisely because of the close relationship between the Union Bank of Japan and the Seibu Group that the debt crisis of the Seibu Group triggered a run on the United Bank of Japan.
As a bank with branches all over the Japanese archipelago, there are long queues in front of the major branches of the United Bank of Japan, and many office workers even take special leave to go to the United Bank of Japan to withdraw their money.
It is not easy for everyone to make money, and if the Union Bank of Japan really fails, many families will have all their life savings.
Unprepared, some of the smaller branches of the United Bank of Japan quickly ran out of cash, and calls for help from headquarters were made to Tokyo from all over the country.
The board of directors of the United Bank of Japan held an emergency meeting to discuss ways to resolve the run, and in the face of a nationwide run, the Union Bank was simply unable to solve it.
At the end of the meeting, everyone only came up with two solutions, one is to recover the loan from the Seibu Group in advance to replenish the bank's liquidity, and the second is to ask other banks for help, rather pay more interest to borrow a part of the funds from other banks in the short term, rather than let the depositors in front of the counter unable to withdraw money, it is only the first wave of runs, if the United Bank of Japan is unable to pay, more depositors will join the run army.
After the meeting, the president of the Union Bank of Japan simply went to the hospital to visit Yoshiaki Tsutsumi, who was sick.
But when he arrived, Yoshiaki Tsutsumi's hospital room was already full of presidents and managing directors of major Japanese banks.
Trading in Seibu Group's stock has been suspended for a week, and Yoshiaki Tsutsumi's net worth has shrunk by nearly a third.
However, the Seibu Group has not yet announced any effective measures to save its stock price.
And the debts of the Seibu Group have exceeded the company's net assets, and the banks that now lend the money to the Seibu Group have long since repented.
They were afraid of what would happen if the Seibu Group really went out of business Tsutsumi Yoshiaki listened to the sound of sighing outside the ward, and felt very upset, he has almost been the leader of the Japanese business community in the past few years, but he didn't expect to be blocked by the bank at the door to collect debts when he was old.
It is said that the bank borrows an umbrella on a sunny day and collects an umbrella on a rainy day, and this time Di Yiming completely felt the warmth of human feelings and the cold of the world, and at this moment he knew that as long as he could not repay the loans from these banks, the bank would not let him go at all.
Seeing that he couldn't hold on any longer, Yoshiaki Tsutsumi could only get up from the hospital bed and change into formal clothes.
After all, he is in his sixties, and he has just been seriously ill.
Yoshiaki Tsutsumi endured his physical discomfort and left his hospital room and walked out the door.
As soon as Yoshiaki Tsutsumi walked out of the door, the bank presidents who were waiting outside the door crowded over and discussed with Yoshiaki Tsutsumi about repaying the loan.
Yoshiaki Tsumi raised a hand and motioned for everyone to be quiet, although he is no longer the richest man in the world, Yoshiaki Tsutsumi is still one of the richest people in Japan, and this bit of face still has to be given.
"Ladies and gentlemen, don't be impatient, I won't lose a cent of your loan, but now our Seibu Group has also encountered a little difficulty, we should have worked together to tide over the difficulties, but your behavior makes me sad, is it just for such a loan to discard our friendship of many years of happy cooperation, if you really care about this loan, I, Di Yiming, will return the money to you even if I smash the pot and sell iron, but I will not have any business dealings with you from now on" Di Yiming said something soft and hard, and first stabilized the situation at the scene.
Immediately afterwards, he took out a few documents from his secretary and threw them directly on the table.
"Look, this is a few of our Seibu Group properties in Hokkaido, if any of you are in such a hurry to recover the loan, take it, the money should be enough to pay off your debts," Tsutsumi said contemptuously, as if he had thrown a bone to a wild dog.
The bankers present, you look at me, I look at you, no one is sure whether to take the money and leave, or tide over the difficulties with the Seibu Group.
At this moment, the anxious president of the United Bank of Japan can no longer care about the old friendship, they are different from other banks here, depositors are waiting at the door of their bank to ask for money, in case they can't get the money, the United Bank of Japan will have to be smashed by the depositors.
He didn't care about anything else, walked up and bowed to Yoshiaki Tsutsumi, and then said: "President, our United Bank of Japan has encountered a run, and we can't hold on, so we have to recover the loan in advance, we have a total of 400 billion yen of credit between us and your company, we hope that your company can repay this money as soon as possible, otherwise we will have to apply to the court to seize your company's assets."
"How dare you talk to me like this, you" Yoshiaki Tsutsumi pointed at the president of the United Bank of Japan with a cane, and raised his hand to hit him, but everyone hurriedly dissuaded him.
And the president of the Japan Ryowa Bank, who has completely torn his face, said to the presidents of the other banks present: "We have all read the report of Muddy Waters Company, and we know the current financial situation of the Seibu Group, and our United Bank of Japan has been dragged down because of the Seibu Group, but we are definitely not the only one, everyone, how much money have you lent to the Seibu Group, you know in your hearts, I dare to say that as long as we can't recover the loan from the Seibu Group, the depositors will go crazy from bank to bank.
When the time comes, the entire banking industry in Japan will be buried by the Seibu Group." t1706231537: